1. What is the role of condenser used in the experiment of isoteniscope method?
2. How to know the filling the air into the system is finished before taking off isoteniscope?
In: Chemistry
Describe how the solvents worked as the mobile phase of the liquid chromatography experiment. Why was it necessary to use different concentrations of aqueous isopropanol in the step-gradient separation?
In: Chemistry
The objective of this experiment is to identify real world applications of quantum mechanics. Write a paper with a minimum of 1200 words discussing real world applications of quantum mechanics.
In: Chemistry
Write a program that: a.Asks the user for their first name. b.Asks the user for their age. c.Asks the user for their last name. d.Print out to the user the following information: i.Number of characters in the first & last name combined ii.The full name all in upper case letters iii.The full name all in lower case letters iv.The first letter of the name v.The age Compile and test your code in NetBeans and then on Hackerrank at www.hackerrank.com/csc127-chapter2-classwork then choose CSC127 Chapter 2-2 Scanner and String Classes Submit your .java file and a screenshot of passing all test cases on Hackerrank.
In: Computer Science
Deb Co. acquired 100% of Land Inc. on January 5, 2016. During 2016, Deb sold goods to Land for $2.4 million that cost Deb $1.8 million. Land still owned 40% of the goods at the end of the year. Cost of goods sold was $10.8 million for Deb and $6.4 million for Land. What was consolidated cost of goods sold?
In: Accounting
Ratios (Appendix)
Miller Company's condensed income statement for 2016 and December 31, 2016, balance sheet follow:
Income Statement |
||
| Sales (net) | $304,400 | |
| Cost of goods sold | (183,600) | |
| Gross profit | $120,800 | |
| Operating expenses | (82,000) | |
| Operating income | $38,800 | |
| Interest expense | (7,000) | |
| Income before income taxes | $31,800 | |
| Income taxes | (10,000) | |
| Net income | 21,800 | |
| Balance Sheet | ||||
| Cash | $8,200 | Accounts payable | $18,000 | |
| Receivables (net) | 14,700 | Other current liabilities | 6,800 | |
| Inventory | 19,300 | Bonds payable, 10% | 70,000 | |
| Property, plant, and equipment (net) | 195,800 | Common stock, $10 par | 80,500 | |
| Additional paid-in capital on common stock | 24,000 | |||
| Retained earnings | 38,700 | |||
| Total Assets | $238,000 | Total Liabilities and Shareholders' Equity | $238,000 | |
Additional information: The common stock was
outstanding the entire year and is selling for $16 per share at
year-end. On January 1, 2016, the inventory was $21,500, the total
assets were $224,000, the accounts payable were $18,800, and the
total shareholders' equity was $130,800. The company operates on a
365-day business year.
Required
For the Miller Company, compute the following ratios:
| 1. Gross profit margin: (Round to two decimal places.) | % |
| 2. Operating profit margin: (Round to two decimal places.) | % |
| 3. Net profit margin: (Round to two decimal places.) | % |
| 4. Total asset turnover: (Round to two decimal places.) | times |
| 5. Return on total assets: (Round to two decimal places. Round tax rate to the nearest whole percent in your intermediate calculations.) | % |
| 6. Return on common equity: (Round to two decimal places.) | % |
| 7. Current ratio: (Round to one decimal place.) | : 1 |
| 8. Inventory turnover: (in days) (Round to nearest whole day.) | days |
| 9. Payables turnover: (in days) (Round to nearest whole day. Do not round your intermediate calculations.) | days |
In: Accounting
|
IKIBAN INC. Comparative Balance Sheets June 30, 2017 and 2016 |
||||||||
| 2017 | 2016 | |||||||
| Assets | ||||||||
| Cash | $ | 92,500 | $ | 69,000 | ||||
| Accounts receivable, net | 102,500 | 76,000 | ||||||
| Inventory | 88,800 | 124,000 | ||||||
| Prepaid expenses | 6,900 | 10,400 | ||||||
| Total current assets | 290,700 | 279,400 | ||||||
| Equipment | 149,000 | 140,000 | ||||||
| Accum. depreciation—Equipment | (39,500 | ) | (21,500 | ) | ||||
| Total assets | $ | 400,200 | $ | 397,900 | ||||
| Liabilities and Equity | ||||||||
| Accounts payable | $ | 50,000 | $ | 67,500 | ||||
| Wages payable | 8,500 | 20,000 | ||||||
| Income taxes payable | 5,900 | 8,800 | ||||||
| Total current liabilities | 64,400 | 96,300 | ||||||
| Notes payable (long term) | 55,000 | 85,000 | ||||||
| Total liabilities | 119,400 | 181,300 | ||||||
| Equity | ||||||||
| Common stock, $5 par value | 270,000 | 185,000 | ||||||
| Retained earnings | 10,800 | 31,600 | ||||||
| Total liabilities and equity | $ | 400,200 | $ | 397,900 | ||||
|
IKIBAN INC. Income Statement For Year Ended June 30, 2017 |
||||||
| Sales | $ | 803,000 | ||||
| Cost of goods sold | 436,000 | |||||
| Gross profit | 367,000 | |||||
| Operating expenses | ||||||
| Depreciation expense | $ | 83,600 | ||||
| Other expenses | 92,000 | |||||
| Total operating expenses | 175,600 | |||||
| 191,400 | ||||||
| Other gains (losses) | ||||||
| Gain on sale of equipment | 4,500 | |||||
| Income before taxes | 195,900 | |||||
| Income taxes expense | 46,390 | |||||
| Net income | $ | 149,510 | ||||
Additional Information
A $30,000 note payable is retired at its $30,000 carrying (book) value in exchange for cash.
The only changes affecting retained earnings are net income and cash dividends paid.
New equipment is acquired for $82,600 cash.
Received cash for the sale of equipment that had cost $73,600, yielding a $4,500 gain.
Prepaid Expenses and Wages Payable relate to Other Expenses on the income statement.
All purchases and sales of inventory are on credit.
Exercise 16-11 Part 1
Required:
(1) Prepare a statement of cash flows for the
year ended June 30, 2017, using the indirect method.
(Amounts to be deducted should be indicated with a minus
sign.)
In: Accounting
|
KORBIN COMPANY |
|||||||||
| Comparative Income Statements | |||||||||
| For Years Ended December 31, 2017, 2016, and 2015 | |||||||||
| 2017 | 2016 | 2015 | |||||||
| Sales | $ | 397,455 | $ | 304,483 | $ | 211,300 | |||
| Cost of goods sold | 239,268 | 192,738 | 135,232 | ||||||
| Gross profit | 158,187 | 111,745 | 76,068 | ||||||
| Selling expenses | 56,439 | 42,019 | 27,892 | ||||||
| Administrative expenses | 35,771 | 26,795 | 17,538 | ||||||
| Total expenses | 92,210 | 68,814 | 45,430 | ||||||
| Income before taxes | 65,977 | 42,931 | 30,638 | ||||||
| Income taxes | 12,272 | 8,801 | 6,220 | ||||||
| Net income | $ | 53,705 | $ | 34,130 | $ | 24,418 | |||
| KORBIN COMPANY | |||||||||
| Comparative Balance Sheets | |||||||||
| December 31, 2017, 2016, and 2015 | |||||||||
| 2017 | 2016 | 2015 | |||||||
| Assets | |||||||||
| Current assets | $ | 53,412 | $ | 41,789 | $ | 55,862 | |||
| Long-term investments | 0 | 1,000 | 4,480 | ||||||
| Plant assets, net | 99,195 | 105,398 | 62,431 | ||||||
| Total assets | $ | 152,607 | $ | 148,187 | $ | 122,773 | |||
| Liabilities and Equity | |||||||||
| Current liabilities | $ | 22,281 | $ | 22,080 | $ | 21,485 | |||
| Common stock | 69,000 | 69,000 | 51,000 | ||||||
| Other paid-in capital | 8,625 | 8,625 | 5,667 | ||||||
| Retained earnings | 52,701 | 48,482 | 44,621 | ||||||
| Total liabilities and equity | $ | 152,607 | $ | 148,187 | $ | 122,773 | |||
|
2. Complete the below table to calculate income statement data in common-size percents. 3. Complete the below table to calculate the balance sheet data in trend percents with 2015 as the base year. |
|||||||||
In: Accounting
|
IKIBAN INC. Comparative Balance Sheets June 30, 2017 and 2016 |
||||||||
| 2017 | 2016 | |||||||
| Assets | ||||||||
| Cash | $ | 92,500 | $ | 69,000 | ||||
| Accounts receivable, net | 102,500 | 76,000 | ||||||
| Inventory | 88,800 | 124,000 | ||||||
| Prepaid expenses | 6,900 | 10,400 | ||||||
| Total current assets | 290,700 | 279,400 | ||||||
| Equipment | 149,000 | 140,000 | ||||||
| Accum. depreciation—Equipment | (39,500 | ) | (21,500 | ) | ||||
| Total assets | $ | 400,200 | $ | 397,900 | ||||
| Liabilities and Equity | ||||||||
| Accounts payable | $ | 50,000 | $ | 67,500 | ||||
| Wages payable | 8,500 | 20,000 | ||||||
| Income taxes payable | 5,900 | 8,800 | ||||||
| Total current liabilities | 64,400 | 96,300 | ||||||
| Notes payable (long term) | 55,000 | 85,000 | ||||||
| Total liabilities | 119,400 | 181,300 | ||||||
| Equity | ||||||||
| Common stock, $5 par value | 270,000 | 185,000 | ||||||
| Retained earnings | 10,800 | 31,600 | ||||||
| Total liabilities and equity | $ | 400,200 | $ | 397,900 | ||||
|
IKIBAN INC. Income Statement For Year Ended June 30, 2017 |
||||||
| Sales | $ | 803,000 | ||||
| Cost of goods sold | 436,000 | |||||
| Gross profit | 367,000 | |||||
| Operating expenses | ||||||
| Depreciation expense | $ | 83,600 | ||||
| Other expenses | 92,000 | |||||
| Total operating expenses | 175,600 | |||||
| 191,400 | ||||||
| Other gains (losses) | ||||||
| Gain on sale of equipment | 4,500 | |||||
| Income before taxes | 195,900 | |||||
| Income taxes expense | 46,390 | |||||
| Net income | $ | 149,510 | ||||
Additional Information
A $30,000 note payable is retired at its $30,000 carrying (book) value in exchange for cash.
The only changes affecting retained earnings are net income and cash dividends paid.
New equipment is acquired for $82,600 cash.
Received cash for the sale of equipment that had cost $73,600, yielding a $4,500 gain.
Prepaid Expenses and Wages Payable relate to Other Expenses on the income statement.
All purchases and sales of inventory are on credit.
Compute the company's cash flow on total assets ratio for its fiscal year 2017. Please give the formula as well.
In: Accounting
|
IKIBAN INC. Comparative Balance Sheets June 30, 2017 and 2016 |
||||||||
| 2017 | 2016 | |||||||
| Assets | ||||||||
| Cash | $ | 93,100 | $ | 68,000 | ||||
| Accounts receivable, net | 101,000 | 75,000 | ||||||
| Inventory | 87,800 | 122,500 | ||||||
| Prepaid expenses | 6,800 | 10,200 | ||||||
| Total current assets | 288,700 | 275,700 | ||||||
| Equipment | 148,000 | 139,000 | ||||||
| Accum. depreciation—Equipment | (39,000 | ) | (21,000 | ) | ||||
| Total assets | $ | 397,700 | $ | 393,700 | ||||
| Liabilities and Equity | ||||||||
| Accounts payable | $ | 49,000 | $ | 66,000 | ||||
| Wages payable | 8,400 | 19,800 | ||||||
| Income taxes payable | 5,800 | 8,600 | ||||||
| Total current liabilities | 63,200 | 94,400 | ||||||
| Notes payable (long term) | 54,000 | 84,000 | ||||||
| Total liabilities | 117,200 | 178,400 | ||||||
| Equity | ||||||||
| Common stock, $5 par value | 268,000 | 184,000 | ||||||
| Retained earnings | 12,500 | 31,300 | ||||||
| Total liabilities and equity | $ | 397,700 | $ | 393,700 | ||||
|
IKIBAN INC. Income Statement For Year Ended June 30, 2017 |
||||||
| Sales | $ | 798,000 | ||||
| Cost of goods sold | 435,000 | |||||
| Gross profit | 363,000 | |||||
| Operating expenses | ||||||
| Depreciation expense | $ | 82,600 | ||||
| Other expenses | 91,000 | |||||
| Total operating expenses | 173,600 | |||||
| 189,400 | ||||||
| Other gains (losses) | ||||||
| Gain on sale of equipment | 4,400 | |||||
| Income before taxes | 193,800 | |||||
| Income taxes expense | 46,290 | |||||
| Net income | $ | 147,510 | ||||
Additional Information
A $30,000 note payable is retired at its $30,000 carrying (book) value in exchange for cash.
The only changes affecting retained earnings are net income and cash dividends paid.
New equipment is acquired for $81,600 cash.
Received cash for the sale of equipment that had cost $72,600, yielding a $4,400 gain.
Prepaid Expenses and Wages Payable relate to Other Expenses on the income statement.
All purchases and sales of inventory are on credit.
Prepare a statement of cash flows for the year ended June 30, 2017, using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)
In: Accounting